NewsWhore
06-09-2010, 08:30 PM
The coordinator of the United Nations Human Development Office in the country has warned that the Dominican economy is very vulnerable. Miguel Ceara-Hatton said that research shows that the more the country grows, the fewer jobs it generates. He says this is due to the low impact that growth has on job creation. He said the growth in jobs has been in the informal sector and jobs that are not productive.
"What is dramatic is that of the 73,000 that on average are created every year, for example from 2000 to 2007, 71% are informal - maids, concho drivers, ticket collectors on buses, store clerks and hairstylists". He said that the economically-active population grows by some 100,000 each year, which means that some 20,000 cannot find jobs.
He says that for every 1% growth of the Gross Domestic Product, there is a trend for a relative decline in job creation. He said that in the past in the past for every 1% growth of GDP there was a 1% growth in jobs, but now for every 1% the growth in jobs is barely 0.33%.
The United Nations Human Development Office in the Dominican Republic is launching a report with findings of research on the country's social situation at the Pedro Mir Library's Manuel del Cabral Auditorium at the UASD state university at 6pm today.
The report shows that the DR is way behind in meeting its goals for improvements in education, health, equity and poverty reduction.
The study was commissioned by the Ministry of Economy, Planning and Development as part of the preparation of the National Development Strategy (END), the government's long-term development plan.
The report concludes that access to opportunities needs to be a right, and should not be limited to political allegiance. Social policies need to build people's capacities so they may fulfill their aspirations.
To read the report, see http://odh.pnud.org.do/politica-socialcapacidades-y-derechos
More... (http://www.dr1.com/index.html#12)
"What is dramatic is that of the 73,000 that on average are created every year, for example from 2000 to 2007, 71% are informal - maids, concho drivers, ticket collectors on buses, store clerks and hairstylists". He said that the economically-active population grows by some 100,000 each year, which means that some 20,000 cannot find jobs.
He says that for every 1% growth of the Gross Domestic Product, there is a trend for a relative decline in job creation. He said that in the past in the past for every 1% growth of GDP there was a 1% growth in jobs, but now for every 1% the growth in jobs is barely 0.33%.
The United Nations Human Development Office in the Dominican Republic is launching a report with findings of research on the country's social situation at the Pedro Mir Library's Manuel del Cabral Auditorium at the UASD state university at 6pm today.
The report shows that the DR is way behind in meeting its goals for improvements in education, health, equity and poverty reduction.
The study was commissioned by the Ministry of Economy, Planning and Development as part of the preparation of the National Development Strategy (END), the government's long-term development plan.
The report concludes that access to opportunities needs to be a right, and should not be limited to political allegiance. Social policies need to build people's capacities so they may fulfill their aspirations.
To read the report, see http://odh.pnud.org.do/politica-socialcapacidades-y-derechos
More... (http://www.dr1.com/index.html#12)